Friday, March 2, 2012

Lake House

It looks like we're going to lose the lake house after all.  I told you about the issue with the survey and the other owners not wanting to work with us.  Well, now it looks like it's completely out of our hands.  According to the lawyer at the title company, HUD will send it back to the lender because they can't sell a property with an encumbered title.  According to her, the lender can then probably take the other lot back since it shouldn't have been sold anyway, and the people that bought the lot are basically out of luck.  So because they didn't want to cooperate with us, they will probably lose the whole lot, and they won't even get any money for it.  At least if they had TRIED to work with us, they would have gotten something for the lot.   I feel sorry for the owners of that lot, but I also feel like they brought it on themselves by trying to rake us over the coals. 

So now, in the end, everyone, including us, is getting screwed.  What a pain in the butt!

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